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Nov 23, 2012
11/12
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so-called fiscal cliff. state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that is your five on five. nthis morning, israel arrested the person behind wednesday's bomb blast on a bus in tel-aviv while the cease fire between israel and hamas is holding up. peter doocy has more in washington. >> good morning, patty. twen people - 27 people were injured when the bus exploded and an an arab-israeli is in custody for planting the bomb. pam pal militants with ties to hamas and other islamic jihadist in tel-aviv to plant the bomb and call would the handlers it was in place and they dialed a mobile phone that triggered the
so-called fiscal cliff. state hoyce are joining law makers pushing for 18.4 percent tax hike. the tax last raised in 1993. hundreds of our nation's heros getting a warm welcome home in new jersey. vol tierce greeted the soldiers and served them a traditional turkey dinner with all of the trimmings. >> motorcycle is coming and all . people that greeted us was a wonderful experience. nbest thing i had seen in years. >> and this speed and truth event is held every year. >> that...
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Dec 4, 2012
12/12
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we will read some of those during the show. >> if the united states falls off the fiscal cliff taxes will go up. how do you ease the burden in the family finances? is a oo should this street line be considered offensive? a new push to remove men and work signs because women work, too. >> the fiscal cliff is looming. taxes may go up with it. even if the cliff doesn't happen, folks. joining us with her end of year checklist is personal finance expert vera givens. >> want to look at the various things that might be changing such as contributions. >> you want to look at the overall tax system. one thing you can do is make your charitable contributions. you have until the end of the year to do that. a look at whether it makes sense to prepay your local taxes and property taxes and take a look at your investments as well gains, losses, if there are stocks you want to sell you may want to consider doing that before the end of the year. >> any capital gains tax is 15 percent. that may go up in january 2013. >> you could get walloped in 2013. >> throw out the balance of your network. >> it is
we will read some of those during the show. >> if the united states falls off the fiscal cliff taxes will go up. how do you ease the burden in the family finances? is a oo should this street line be considered offensive? a new push to remove men and work signs because women work, too. >> the fiscal cliff is looming. taxes may go up with it. even if the cliff doesn't happen, folks. joining us with her end of year checklist is personal finance expert vera givens. >> want to look...
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Dec 6, 2012
12/12
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cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being treated in new mexico. she was taken out of a hospital in phoenix. her mother took her. doctors are worried she could potentially get a deadly infection. the girl's father claims the hospital was to blame for a different infection which cost emily her right arm. he's refusing to tell police where she is in mexico. both parents could face criminal charges. >> shock, disgust and fear spread quickly on the campus of the university of -- one details the exact moment they realty lied they were in a major crisis. it reads subject emergency the shooter at the aurora mall last night was james holmes i am worried ab
cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being...
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Nov 9, 2012
11/12
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he will no doubt talk about congress and the looming fiscal cliff with the combination of tax hikes and spending cuts. the president's former chief economic advisor paints a pretty grim picture. >> the election is over. go look at the report. it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner open to raising taxes but in other ways. he told abc news tax rates should remain where they are. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> raising tax rates is unacceptable and frankly it couldn't pass the house. putting increased revenues on the table but through reforming our tax code. i would do that if the president were serious about solving our spending problem and twieing -- trying to secure our entitlement p
he will no doubt talk about congress and the looming fiscal cliff with the combination of tax hikes and spending cuts. the president's former chief economic advisor paints a pretty grim picture. >> the election is over. go look at the report. it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the...
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Sep 27, 2012
09/12
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poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i want to grow and invest in the community and holding things back just because of
poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will...
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Dec 13, 2012
12/12
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>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax return in this country that is filed h & r block does it. the fiscal cliff is changing especially with the real estate market i will talk about that next week. they are busy right now. we want to know how to file our taxes. >>> they are lacking toer more than masking. >> exactly. >> everything is listed at my block casone exchange.com. you can apply. we are going to be getting follow up with the fed and crazy decision that took many of us by surprise. >> it is 25 minutes after the hour. he sacrificed his life to save the lives of fellow soldiers in iraq. why is the military refusing to give
>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax...
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Dec 21, 2012
12/12
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as far as the automatic across the board tax hikes are concerned that are part of the fiscal cliff it is now up to senate democrats. here's his statement the house has already passed legislation to stop all of the january 1st tax rate increases and replaces sec quest tore with responsibility spending cuts that will begin to address our nation's crippling debt. the senate must now act. here is the response from the white house. the president will work with congress to get this done. we are hopeful we will be able to find a bipartisan solution that protects the middle class and our economy. after today the entire congress is on christmas vacation returning later next week. we may see turmoil in the market because of this failed vote last night. dow futures are already down this morning. back to you guys. >>> do you luzader, thank you. >> it is time now to entertain this. season two of the x factor has come to a close and the winner is... d tate stevens. >> country singer tate stevens coming out on top. the teen singers carlie and claire came in second and girls from 5th harmony finished
as far as the automatic across the board tax hikes are concerned that are part of the fiscal cliff it is now up to senate democrats. here's his statement the house has already passed legislation to stop all of the january 1st tax rate increases and replaces sec quest tore with responsibility spending cuts that will begin to address our nation's crippling debt. the senate must now act. here is the response from the white house. the president will work with congress to get this done. we are...
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Nov 26, 2012
11/12
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if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still eligible for the tax credit even if you pay the spring semester tuition. this is something heather that could come off the table in the new year. even though you are paying 2013 spring semester you can do it by the end of the year and still be eligible. >> that's for college? >> that's for college. >> tell us about the 529 education savings account. >> this is tax free savings. when you deduct out of that account to pay for tuition that's a big benefit. so 401 k's, 529 plans, tax free shelters for your dollars something to take advantage before december 31st. >> everybody needed to hang on to every penny. sandra smith from the fox business network good advice. >> 26 minutes after the hour. coming up one company is firing worker
if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still eligible for the tax credit even if you pay the spring semester tuition. this is something heather that could come off the table in the new year. even though you are paying 2013 spring...
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Dec 11, 2012
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the payout of 92 million he feared the blooming fiscal cliff and tax hike. he said he took his share of the money every month to avoid higher taxes next year. >> friends family and friends are mourning the loss of mexican american singer rivera. the 43-year-old believed to have been killed in a plane crash in mexico. her license was found in the plane. her body we are told was found this morning. even though the ntsb confirmed her death the family says they are still not losing hope. >> in our eyes we still have faith that my sister will be okay. we have no confirmation of her body being recovered. >>> we were told this morning that her body was recovered. we will have to check on that and give you word. the family is heading to mexico today. >> he was convicted of murdering a 7-year-old girl 15 years after the crime. the 73-year-old was sentenced in an illinois courthouse that case was considered one of america's oldest unsolved crimes. he had been dismissed as a suspect back when it happened and he went on to become a washington state police man. he was ar
the payout of 92 million he feared the blooming fiscal cliff and tax hike. he said he took his share of the money every month to avoid higher taxes next year. >> friends family and friends are mourning the loss of mexican american singer rivera. the 43-year-old believed to have been killed in a plane crash in mexico. her license was found in the plane. her body we are told was found this morning. even though the ntsb confirmed her death the family says they are still not losing hope....
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Nov 30, 2012
11/12
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rates. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this is almost unheard of. what do they expect? they obviously expect they will cave on everything. i think they ought to simply walk away. the president is the president. he is the leader. they are remanning republicans explain all of the cuts they want to mac. we had that movie a year and a half ago where paul ryan presented a budget a serious real budget with real cuts, obama was supposed to give a speech in which he would respond with a counteroffer. he gave a speech we had ryan sitting in the front row. he called the ryan proposal unamerican offered not
rates. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending...
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Nov 27, 2012
11/12
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senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really going to solve this problem if you are really going to address it you have to go after entitlements. everybody knows that's the third rail. that part has to be bipartisan the way it was with tip o'neil and ronald reagan. >> the fiscal cliff making investors nervous but not consumers. that's one of the stories you can bank on this morning. if you looked at cyber monday all of the deals you are not alone. early numbers show that sales were on track to break records. lauren simonetti joins us to look at these numbers. >> i went shopping yesterday, did you? >> i did, actua
senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really...
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Nov 28, 2012
11/12
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they have a little time before fiscal cliff. lack of progress. >> we are a little over four weeks away from the fiscal cliff and still no progress. there is a massive tax hike in spending cuts, it only intensifies on comments by harry read essentially confirming the budget talks still remain worlds apart. the dow down nearly 90 points. >> this will be a big topic in the future. college loan debt. that could be the next housing bubble. >> the federal lending making college education to any one is really only creating a pile of debt so large that since 2007 it has risen 56 percent while other forms of debt like auto debt mortgage debt that declined. u.s. student debt rose $950 billion according to the federal bank of new york. now 11 percent of those balances are at least 90-days late. that is higher than credit card late payments for the first time in history. >> if the student continue to default that is the u.s. taxpayers picking up the tabs. >> most of the student debt is in the grace period so the number is probably even high
they have a little time before fiscal cliff. lack of progress. >> we are a little over four weeks away from the fiscal cliff and still no progress. there is a massive tax hike in spending cuts, it only intensifies on comments by harry read essentially confirming the budget talks still remain worlds apart. the dow down nearly 90 points. >> this will be a big topic in the future. college loan debt. that could be the next housing bubble. >> the federal lending making college...
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Dec 17, 2012
12/12
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if we go over the fiscal cliff, we could be waiting along longer for your tax refund. lauren simonetti is here with what that means. >> if the fiscal cliff deal is not reached by the end of the year tax refund checks may get delayed into the second quarter. filers wouldn't get to complete their returns until march if not later. it puts 2,826 dollars per tax filer. so many americans de fentd on their refinanced check and de invest that money back into the economy. not to mention our paychecks will be getting smaller after the automatic end of the year payroll tax holiday goes away and tax rakes for high income earners. all of this puts the economy back into the recession. >> specifically more people moving out than moving in. >> hasn't happened in a really long time. the reason is california might be pretty with good weather but it's really expensive to live there. unemployment is high and population is dense. >>> many imgranmigrants in mefr are return to go mexico. >> holiday christmas shopping we may be depending on the overnight delivery. a lot of folks aren't doing
if we go over the fiscal cliff, we could be waiting along longer for your tax refund. lauren simonetti is here with what that means. >> if the fiscal cliff deal is not reached by the end of the year tax refund checks may get delayed into the second quarter. filers wouldn't get to complete their returns until march if not later. it puts 2,826 dollars per tax filer. so many americans de fentd on their refinanced check and de invest that money back into the economy. not to mention our...
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Oct 15, 2012
10/12
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in total if we were to see this fiscal cliff happen the congressional budget office this will be a tax increase. >> for all americans. we are talking about potentially 2 million jobs lost. >> it is 25 minutes past the hour coming up fox's chris wallace looking for answers over the attacks on the consulate in libya. >> this is the first u.s. ambassador killed since 1969 she gave the american people a story that turned out not to be true. >> we will have david axle rod coming up later on. the moderator speaking out about the candidate's debate last night what she's saying about joe biden's behavior that's coming up next. first on this day in history get this the firps sewed of i love lucy aired 1951. we will be right back. >> good morning. welcome back to "fox & friends first". >> i am heather nauert. it is half past the top of the hour. it is time for your 5@5:30. top five stories making news at this hour. admitting what many of us already know about joe biden. >> thank heavens we had the sanctioning in place in spite of the opposition. >> the vice presidential debate moderator commenti
in total if we were to see this fiscal cliff happen the congressional budget office this will be a tax increase. >> for all americans. we are talking about potentially 2 million jobs lost. >> it is 25 minutes past the hour coming up fox's chris wallace looking for answers over the attacks on the consulate in libya. >> this is the first u.s. ambassador killed since 1969 she gave the american people a story that turned out not to be true. >> we will have david axle rod...
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Nov 12, 2012
11/12
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we are talking the fiscal cliff at year's end. most americans will be effected by this means more dollars affected by our pocket. >> not just the most well off americans. >> middle income families will be affected by this on average. federal income taxes will go up by 3 percent. >> it is at least a couple,$000 for the average family if not more than others. >> split it in half. for the amount of qualified children in your household that would drop to $500 if nothing is done by the end of the year. >> it is a real loss for families. >> a lot of older americans do live off of that dividend check they get every single month or quarter or every single year. the stock market has seen a major selloff in dividend stocks because they don't know what will happen to this by the end of the year. they are going to be subject to regular income taxes with that dividend rather than the 16 percent tax they pay now. >> in other words they are paying 15 percent now they could look at paying whatever their regular income tax rate is which could be 3
we are talking the fiscal cliff at year's end. most americans will be effected by this means more dollars affected by our pocket. >> not just the most well off americans. >> middle income families will be affected by this on average. federal income taxes will go up by 3 percent. >> it is at least a couple,$000 for the average family if not more than others. >> split it in half. for the amount of qualified children in your household that would drop to $500 if nothing is...
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Dec 10, 2012
12/12
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could push it over the fiscal cliff. >> if he would do what he said before the election as oppose to do the bait and switch what republicans like is like jerry bro brownicing t cooking the footba. >> the talk of taxes is almost irrelevant to the size of the trillions and trillions of debt. >> unwilling to compromise the democrats new york center chuck schumer said republicans should go ahead and make his day. >> debt ceiling will be part of the griement. i think our repub can colleagues have learned that to save the government is not going to pay his debt for something else is bad substance and bad politics. i don't think they will prevail on it. if they don't say we won't raise the debt ceiling because of medicare make our day. >> some republicans will take the tax hike some will keep one of them. >> a lot of people are looking for the theory. it has merit where you give the president the two percent rate increase on the top 2 percent and all of a sudden the shift goes back to entitlements. all of a sudden once you get him the right on the top 2 percent it's actually much lesser tax
could push it over the fiscal cliff. >> if he would do what he said before the election as oppose to do the bait and switch what republicans like is like jerry bro brownicing t cooking the footba. >> the talk of taxes is almost irrelevant to the size of the trillions and trillions of debt. >> unwilling to compromise the democrats new york center chuck schumer said republicans should go ahead and make his day. >> debt ceiling will be part of the griement. i think our...
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Nov 13, 2012
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they have 7 weeks to reach a deal to avoid the so-called fiscal cliff. without a compromise billions of dollars of tax increases and spending cuts go into effect on january 1st. it could trigger a double dip recession. republicans say it is not the time for tax hikes. he was held in contempt of congress for failing to turn over documents on the fox fast and furious. it is holding on to attorney general eric holder. they report today the president has asked holder to stay on for a second term. holder has agreed. holder facing criticism for reportedly knowing for months. the cia director david petraeus was involved in an fbi investigation. holder did not tell the president. investigators are trying to pinpoint the cause of the deadly explosion in indianapolis. the ex-husband of the woman whose house is believed it be at the center of the blast says the furnace might be to blame. he says the daughter texted him saying the heat was out the family was spending the night at the hotel. they were not home when the explosion rocked the south side neighborhood kil
they have 7 weeks to reach a deal to avoid the so-called fiscal cliff. without a compromise billions of dollars of tax increases and spending cuts go into effect on january 1st. it could trigger a double dip recession. republicans say it is not the time for tax hikes. he was held in contempt of congress for failing to turn over documents on the fox fast and furious. it is holding on to attorney general eric holder. they report today the president has asked holder to stay on for a second term....
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Dec 3, 2012
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. >>> with a few weeks until the year end fiscal cliff there is still no deal in sight. both sides are showing no signs of budging. kelly wright is live in washington with details for us. >>> less than month ago for tax hikes. they automatically place democrats and republicans are further apart on a the plan. tim geithner changed the plan last week. that plan calls for 1.6 trillion of higher taxes over the next decade $50 billion stimulus package and provide 600 billion in spending cuts. he is waiting for root pe kaub cans to respond to the plan for the president's proposal. >> we think that's a good set of proposals and good for the economy. if they have different suggestions they should slay it out to us. >> republican leaders should make the deeper cuts on medicare, medicaid and social security. as for raising taxes on the wealthy, republicans want a great higher revenue for closing loopholes and limiting deductions not a tax hike. they are not pleased with the president's proposal. >>> i was flabber fasted. i looked at them said you can't be serious. i have never see
. >>> with a few weeks until the year end fiscal cliff there is still no deal in sight. both sides are showing no signs of budging. kelly wright is live in washington with details for us. >>> less than month ago for tax hikes. they automatically place democrats and republicans are further apart on a the plan. tim geithner changed the plan last week. that plan calls for 1.6 trillion of higher taxes over the next decade $50 billion stimulus package and provide 600 billion in...
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Aug 23, 2012
08/12
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>> you have a fiscal cliff and a rock and a hard place. trillion dollar deficit but also warns efforts of victims could send the economy into a tail spin. congressional budget out for a $1.1 trillion deficit. also warning making too drastic an effort to fix it could send the economy off the cliche fiscal cliff. we borrow too much to spend too much. if we stop the economy could crumble even worse. hundreds of millions of spending cuts and tax increases are set to descend on us in january. that would what can $350 billion from the trillion dollar over spend. it will stop 3 percent instantly and 2 million more people lose their jobs. the economy would tumble into a significant recession. that is unless congress can convert the automatic cuts and tax hikes. if it does we face a 5th consecutive year of trillion dollar plus deficit one year from now. >> see if the congress and president listen to that one. >>> it is now 10 minutes after the hour. half a million dollars of your tax money wasted on another green push by the obama administration. t
>> you have a fiscal cliff and a rock and a hard place. trillion dollar deficit but also warns efforts of victims could send the economy into a tail spin. congressional budget out for a $1.1 trillion deficit. also warning making too drastic an effort to fix it could send the economy off the cliche fiscal cliff. we borrow too much to spend too much. if we stop the economy could crumble even worse. hundreds of millions of spending cuts and tax increases are set to descend on us in january....
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Dec 31, 2012
12/12
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tax hikes aren't the only things at stake in the fiscal cliff negotiations. national security is also on the line with massive cuts at the defense department as part of the deal. leon pineda is prepping to send layo layoffs. >> if there is a deal done that doesn't set aside thense cuts because we already cut 489 billion out of the defense department i am disappointed as the president as commander-in-chief and disappointed with the republican party for letting this happen. >> sequestration was the penalty they imposed on itself last year when they failed to find $1.2 trillion of cuts they live with. now mhalf are directed at the pentagon but the dramatic across the board cuts can be offset by raising taxes on the rich. >> if we have raised revenue by the wealthy paying more that is sufficient to turn off the sectsec quest tore the automatic cuts. >> senator graham told me he thinks it is possible to find 600 billion cuts elsewhere to suspend for a decade but a bipartisan agreement probably can't be reached until february or march. peter doocy, fox news. >>> 17
tax hikes aren't the only things at stake in the fiscal cliff negotiations. national security is also on the line with massive cuts at the defense department as part of the deal. leon pineda is prepping to send layo layoffs. >> if there is a deal done that doesn't set aside thense cuts because we already cut 489 billion out of the defense department i am disappointed as the president as commander-in-chief and disappointed with the republican party for letting this happen. >>...
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Dec 27, 2012
12/12
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cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to tell the president and lawmakers here they need to come up with some kind of agreement before they go over the fiscal cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house sp
cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your...
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Jul 9, 2012
07/12
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tax cuts should be extended for all americans. >> we have the fiscal cliff coming at the end of the year. what we ought to be doing is extend the current tax rates for another year with a hard requirement to get through comprehensive tax reform one more time. i negotiate it with vice president biden the two-year extension of the current tax rates we are in right now. the president signed it arguing if we up taxes economy grows slower. >> bottom line with the presidential election four months away both sides are trying hard to win voters with tax policies. later this month house republicans plan a vote in extending the 2001 and 2003 tax cuts for another year. analysts are warning impact of rising taxes and lowering federal spending could tip the economy back into recession. heather and patty ann. >>> half of the country may be seeing relief from the deadly heat. the cooler weather can bring a whole other set of problems. haygood morning everyone. we have a cold front pushing southward and we will be bringing in temperatures that will be closer to where we should be at this time of the yea
tax cuts should be extended for all americans. >> we have the fiscal cliff coming at the end of the year. what we ought to be doing is extend the current tax rates for another year with a hard requirement to get through comprehensive tax reform one more time. i negotiate it with vice president biden the two-year extension of the current tax rates we are in right now. the president signed it arguing if we up taxes economy grows slower. >> bottom line with the presidential election...
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Nov 8, 2012
11/12
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the fiscal cliff is approaching just down the street at the capitol. they could start hammering the combination of spending cuts and tax hikes. after tuesday does the president really have a mandate to raise taxes on the wealthy something he has pushed for years. senate maorijority leader harry reid says yes. >> this is the message american people sent from all over. that is they are tired of these partisan gridlock. >> republicans look at the impact they have on hiring with the unemployment rate still just shy of 8 percent. house republican speaker john boehner is showing a willingness to raise revenue if it involves simplifying the tax system and not just raising rates. >>> the american people have spoken. they have re-elected president obama. they have again re-elected a republican majority in the house of representatives. if there's a mandate to yesterday's results it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> and we have something of a warning shot for the market yesterday.
the fiscal cliff is approaching just down the street at the capitol. they could start hammering the combination of spending cuts and tax hikes. after tuesday does the president really have a mandate to raise taxes on the wealthy something he has pushed for years. senate maorijority leader harry reid says yes. >> this is the message american people sent from all over. that is they are tired of these partisan gridlock. >> republicans look at the impact they have on hiring with the...
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May 23, 2012
05/12
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the united states is heading toward a fiscal cliff and will fall off it on january 1st if the tax cuts are allowed to expire and automatic cuts are kicked in. they couldn't make a deal on what they wanted to cut so their punishment was to establish steep over a trillion dollar automatic cuts for things that are tough and controversial. the first 100 billion or so would be cut. these things would make the economy shrink by 1.3 percent in the first half of next year. that they say adds up to a recession. majority leader harry reid says we can avoid this fiscal flip tomorrow if republicans would agree to extend the tax cut which would give us ample time to deal with the other challenges facing congress at the end of the year. after the 1.3 percent contract the economy would rebound in the second half of 2014. they are scoffing at the idea that they are trying to raise taxes especially in an election year where mitt romney is pitching tax reform as part of his platform. >> we are going to try every way we can to make sure taxes don't go up on anybody, don't go up on working families or sma
the united states is heading toward a fiscal cliff and will fall off it on january 1st if the tax cuts are allowed to expire and automatic cuts are kicked in. they couldn't make a deal on what they wanted to cut so their punishment was to establish steep over a trillion dollar automatic cuts for things that are tough and controversial. the first 100 billion or so would be cut. these things would make the economy shrink by 1.3 percent in the first half of next year. that they say adds up to a...
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Nov 16, 2012
11/12
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cliff. president obama and top four congressional leaders will meet at the white house. tax hiengs and spending cuts that are certain to kill the u.s. economy. it is the first face to face meeting and almost guaranteed will be in for marathon negotiations. if wall street is any judge the market fell 5 percent since the election. >> we talk a lot about how the post office loses any money. they lost more than a billion dollars. a record. 3 times as bad as expected. more red ink is slated for next year. the fate is based on congressional interaction that would cut back on future retirees benefit. there's a small little piece for you. package volume is expected to jump over the holidays about 20 percent because we are on the internet. >> talk about the best colleges in america. >> we told you the most expensive and highest rank. how about the ones with the best value the ones that you get a job that will pay you more than the actual tuition. massachusetts, stanford, harvard, yale and princeton r
cliff. president obama and top four congressional leaders will meet at the white house. tax hiengs and spending cuts that are certain to kill the u.s. economy. it is the first face to face meeting and almost guaranteed will be in for marathon negotiations. if wall street is any judge the market fell 5 percent since the election. >> we talk a lot about how the post office loses any money. they lost more than a billion dollars. a record. 3 times as bad as expected. more red ink is slated...
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Nov 15, 2012
11/12
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downgrades are likely if they don't fix the battle of the fiscal cliff. as of now billions of dollars of spending cuts and tax increases will go into effect january 1st and will have a double dip recession. credit rating of standard and pours last year. >> an emergency landing right on a busy highway. this happened near sacramento, california. the pilot was testing a new engine in the plane when it lost power and left him no choice but to find somewhere to land safely. >> luckily the plane lands at about freeway speed. >> good thing no one was hurt in that. officials believe the fuel pump failed. >>> the hits keep on coming for disgraced cyclist lance armstrong. the foundation he founded to fight cancer dropping his name. the lance armstrong foundation will now be called the live strong foundation. armstrong resigned as chairman and quit from the board of directors earlier this week. >>> chicago mayor rahm emanuel is taking lessons from new york city's nanny there mike bloomberg. he is cracking down on calories. he wants to get rid of all of the chips, th
downgrades are likely if they don't fix the battle of the fiscal cliff. as of now billions of dollars of spending cuts and tax increases will go into effect january 1st and will have a double dip recession. credit rating of standard and pours last year. >> an emergency landing right on a busy highway. this happened near sacramento, california. the pilot was testing a new engine in the plane when it lost power and left him no choice but to find somewhere to land safely. >> luckily...
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Oct 19, 2012
10/12
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. >> the fiscal cliff there are a lot of components but the biggest threat is the expiration of the bush tax cuts. if we fall off that cliff you are looking an average tax increase of 3500 per year 300 per month. this effects everybody. >> that is important for everybody to know. >> the way it is now they value up to 5.12 million are exempt from tax. starting in 2013 that exemption rate drops to 1 million. that's a lifetime exemption. the top rate on transfers jumps from 35 to 55 percent. message being if you have your attorney you want to get thyour ducks in a row. >> health reform changes what matters the most in terms of what we need to know? >> there are a couple things here if you are married 250,000 you are up against higher medicare tax on earned income and it.8 percent tax on unearned income. changes effect everybody. $2,500 cap on flexible spending accounts anything above that will be going down as taxable incomes. if you are under the age of 65 your out of pocket medical expenses have to exceed 10 percent of your adjusted gross. people think it's high to begin with. could be di
. >> the fiscal cliff there are a lot of components but the biggest threat is the expiration of the bush tax cuts. if we fall off that cliff you are looking an average tax increase of 3500 per year 300 per month. this effects everybody. >> that is important for everybody to know. >> the way it is now they value up to 5.12 million are exempt from tax. starting in 2013 that exemption rate drops to 1 million. that's a lifetime exemption. the top rate on transfers jumps from 35 to...
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Dec 18, 2012
12/12
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the two discussed what they can do to avoid the fiscal cliff. mr. fwhier p by another put th before the president. in a counteroffer the president proposed to raise taxes on those making 400,000 a year. >> in order to achieve a broad deficit reduction package that puts our economy on a sustainable fiscal path in the future a certain level of revenue cleaned from the wealthy has to be met. the only way to do that was through -- in part rates rising. >> a rough outline of the deal calls for 1 trillion in cuts, one trillion in revenue, immediate down payment and legislative process through next year. in the previous meeting the two sides remain pfar apart on agreement. now they appear to be some what closer to a deal. president obama proposed some of the demands on spending cuts on entitlement program such as curtailing future inflation adjust ams for future recipients of social security. michael steele says any movement away from the unrealistic offer the president has made previously is a step in the right direction. proposal that includes 1.2 trilli
the two discussed what they can do to avoid the fiscal cliff. mr. fwhier p by another put th before the president. in a counteroffer the president proposed to raise taxes on those making 400,000 a year. >> in order to achieve a broad deficit reduction package that puts our economy on a sustainable fiscal path in the future a certain level of revenue cleaned from the wealthy has to be met. the only way to do that was through -- in part rates rising. >> a rough outline of the deal...
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Nov 29, 2012
11/12
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. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >> harry reid told reporters yesterday he would like to get credit for what congress has previously cut. >> we have already done more than a billion dollars worth of cuts. >> the top democrat in the house took a similar approach. >> it is important to know that we have already agreed to over a trillion and a half dollars in cuts at both budget control and others in this session of congress. so now we are looking to see if we can do that. >> though asked what she would be willing to slash as part of this deal rank and file house members say they realize more must be done now. >> we get a senfolks making a mn dollars a year maybe the
. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >>...
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Oct 25, 2012
10/12
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as for the fiscal cliff, we will duck it. a majority agree the payroll tax the one that saves you $19 a month that should expire but the bush tax cuts those they say should be extended. >> then i hear enough already the employees were all burned out. >> stressing out a causing burning out. 63 percent of workers surveyed say they feel high levels of stress extreme fatigue. 39 percent say the reason is more likely because they are getting more work and that is because their co-workers have been laid off. we are all doing more these days. 36 percent say the heavy workload makes them work harder. prolonged jobless certainties and stagnant pay has caused this feeling of worker burnout across america. >> lots of people being spread thin. >> halloween i understand adults are taking advantage of this more so than ever this year. >> this is the first year i am not celebrating. are you dressing up? >> of course i am. >> patti, are you dressing up? >> if you are celebrating halloween you are probably spending close to $80 on costumes de
as for the fiscal cliff, we will duck it. a majority agree the payroll tax the one that saves you $19 a month that should expire but the bush tax cuts those they say should be extended. >> then i hear enough already the employees were all burned out. >> stressing out a causing burning out. 63 percent of workers surveyed say they feel high levels of stress extreme fatigue. 39 percent say the reason is more likely because they are getting more work and that is because their co-workers...
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Oct 22, 2012
10/12
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. >> the fiscal cliff is looming. briefly explain what is going to happen unless congress acts? >> come the new year it amounts to a battery of tax increases and spending cuts. tax increases because the bush tax cuts will expire a number of other things. spending cuts because congress couldn't come to a deal on the debt ceiling unless they put in sequence. it will impact our quality of life day-to-day. the congressional budget office predicts it could if we don't resolve it send the economy into fiscal recession. >>> president obama says he is going to veto some of the possible measures being talked about to avert this crisis. where does it lead us? let's look at a poll right now. we have 77 percent of small businesses in the latest poll saying they believe their taxes are going to increase and 67 percent say they don't plan on hiring next year because of that. >> because there's so much unsirnt out there n. addition you have obama care. otherwise crummy economy we are looking at lackluster growth at best. why would you if you are a business owner want to take any kind of risk r
. >> the fiscal cliff is looming. briefly explain what is going to happen unless congress acts? >> come the new year it amounts to a battery of tax increases and spending cuts. tax increases because the bush tax cuts will expire a number of other things. spending cuts because congress couldn't come to a deal on the debt ceiling unless they put in sequence. it will impact our quality of life day-to-day. the congressional budget office predicts it could if we don't resolve it send the...
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Jun 8, 2012
06/12
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i thought something had to be done on the fiscal cliff before the election. nothing has to be done until the first of the year. so i think he should stick with his position and negotiate the -- i really was under the impression that they would have to do something before the election. i was trying to figure out how they would kick in before the election. when i realized nothing could be done until the first of the year. i support his position. i supported extending them. i think his is the right one and necessary if we are ever going to get a comprehensive deal. >> charles krauthammer puts president clinton on his couch and tries to explain what the former president is doing. >> i mean, i write for a living i have edited my day and edited lousy copy. i can't make heads or tails out of this. you have a raving lunatic -- excuse me, psychotic and comes in the door. he is speaking in word salad, this is word salad with vinaigrette on it. he is trying to rollback this idea. he contradicted idea on extension of the bush tax cuts. he knows he did. he is not changing
i thought something had to be done on the fiscal cliff before the election. nothing has to be done until the first of the year. so i think he should stick with his position and negotiate the -- i really was under the impression that they would have to do something before the election. i was trying to figure out how they would kick in before the election. when i realized nothing could be done until the first of the year. i support his position. i supported extending them. i think his is the...
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Nov 5, 2012
11/12
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cliff and european debt crisis. two issues on the back burner since sandy in the election. as you recall $600 billion in spending cuts and higher taxes is going to kick in for the end of the year. >> the election tomorrow. mitt romney if he is in office he promises he is going to repeal obama care, the healthcare law. that could change how the hiring is done. >> it could be good. the new healthcare law says any one working 30 hours a week health insurance or pay a fee many bosses are doing neither. they are cutting back the hours giving their employees. this is being seen mostly in the restaurant, retail and hotel businesses. already cke restaurants and the owner of red lobster and olive garden they have shifted hiring plans many more are expect to do do so if owe bhaum does win tomorrow's election. >> a lot of things to follow up on with you on wednesday. >> busy come of days. >> thank you so much lauren. appreciate it. >> the time is 19 after the top of the hour. they have just 24-hours to sway voters. >> the skie
cliff and european debt crisis. two issues on the back burner since sandy in the election. as you recall $600 billion in spending cuts and higher taxes is going to kick in for the end of the year. >> the election tomorrow. mitt romney if he is in office he promises he is going to repeal obama care, the healthcare law. that could change how the hiring is done. >> it could be good. the new healthcare law says any one working 30 hours a week health insurance or pay a fee many bosses...